PULASKI,Va. – Some drivers can let out a sigh of relief in Pulaski County.
The Pulaski County Board of Supervisors recently approved a resolution that will lower personal property taxes.
Leaders said the value of personal property taxes increased from 7% to 25% on used cars due to inflation.
“For the past couple of years, our office has seen an increase in values,” Kim Williams, the Pulaski County Commissioner of Revenue, said.
Williams worked with County Administrator to find solutions to help reduce the tax burden.
The board approved a measure to assess vehicles at 93% instead of 100%.
“This is saving the taxpayers in Pulaski County approximately $615,000,” Jonathan Sweet, the Pulaski County Administrator said. “The board of Supervisors understands its tough economic conditions to see them take a proactive measure. A voluntary measure shows they are prudent but also in touch with the situation in the community.”
Leaders said each person may pay something different, but there could be a $30 reduction in the bill or more based upon the value of the car.
Community members are hoping this will help people spend more in the community.
“It will really help out get some rebuilding of the town,” Corey Press, pet shop owner in Pulaski, said.